SEISS 5th Grant Deadline – 30th September 2021
The deadline for claiming the fifth SEISS grant is 30 September, so quickly approaching.
Please be aware that you will need to know the turnover of your trade during the year ended 5 April 2021 when making a claim. Also please bear in mind that the qualifying criteria for this claim is different to the first four grants. This means some who were not previously eligible to claim might now be, and vice versa.
The most important criteria to meet is that you are able to confirm that the trading profits of your business will have suffered a significant reduction during the period 1st May 2021 to 30th September 2021 due to the impact of COVID-19 as well as prove that your turnover has reduced significantly.
You also need to have been in business during the 2020/21 tax year, a business which has carried on into the 2021/22 tax year (or that you intend to carry it on), and you also meet the profit requirements applicable to previous years (average of below £50,000 per annum).
Please let us know urgently should you have any queries about your eligibility for the grant or require any assistance with preparation of any information that needs to be submitted with a claim.
For further information about the fifth SEISS grant you can refer to our previous blog or go to the GOV.UK website: Self-Employment Income Support Scheme fifth grant – GOV.UK (www.gov.uk)
If you have any questions or would like to discuss your situation with one of our team, then please get in touch. You can call us on 01243 782 423, or email [email protected]